Tds rate on loan given to a firm from personal file

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This discussion clarifies the TDS rate on loans provided to a proprietorship firm for FY 2024-25. The general TDS rate on interest paid by a proprietor is 10%, provided the recipient has a valid PAN. Further clarification is sought regarding threshold limits on interest amounts and whether the rate differs for partnership firms.

08 April 2025 I have given loan to a proprietorship firm .what is tds rate for fy 2024-2025. Is there any threshold limit on interest amount? Is tds rate same for proprietorship firm or partnership firm? Please clarify?

08 April 2025 Pl clarify the tds rates now?

09 April 2025 The TDS rate on interest paid by a proprietor, under Section 194A of the Income Tax Act, is generally 10% if the recipient provides a valid PAN.

29 September 2025 Good luck..


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